Income Tax

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts

6 years ago

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development…

IT Judgement

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.

6 years ago

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable…

Income Tax

Amount received under keyman Insurance policy by the employee is tax free or taxable?

6 years ago

Amount received under keyman Insurance policy by the employee is tax free or taxable? Keyman Insurance Policy is often considered…

Income Tax

ITAT Delhi has dismissed Congress leader Rahul Gandhi’s plea to make Young Indian a charitable trust

6 years ago

ITAT Delhi has dismissed Congress leader Rahul Gandhi’s plea to make Young Indian a charitable trust Young Indian Vs CIT…

Income Tax

Delay of 1754 days in filing appeal condoned

6 years ago

Delay of 1754 days in filing appeal condoned Senior Bhosale Estate (HUF) vs. ACIT (Supreme Court) COURT: Supreme Court CORAM:…

Income Tax

Any person can not be treated as principal officer without forming his connection with management & administration of Co.

6 years ago

Any person can not be treated as principal officer without forming his connection with management & administration of Co. Where…

IT Judgement

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT

6 years ago

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT Loesche India…

Income Tax

Exemption against Long Term Capital Gain u/s 54 & 54F : An Anomaly

6 years ago

Exemption against Long Term Capital Gain u/s 54 & 54F: An Anomaly There are various provisions in the Income Tax…

IT Judgement

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted

6 years ago

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted Short…

Income Tax

Commission paid to the selling Agents is deductible.

6 years ago

Commission paid to the selling Agents is deductible. Bharathi Knitting Company vs Dhl Worldwide Express Courier … on 9 May,…

Income Tax

Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.

6 years ago

Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as…

IT Judgement

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct

6 years ago

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct short overview…

IT Judgement

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C

6 years ago

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed…

IT Judgement

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company

6 years ago

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and…

Income Tax

Keyman Insurance Policy Income Tax Treatment

6 years ago

Keyman Insurance Policy Income Tax Treatment The `keyman’ or ‘key person’ would be any person employed by a company having a…

Gst Article Latest Update

“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah

6 years ago

“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah Rule 36(4) ITC Restriction (1) (1)

Income Tax

Property taken on Partition of a Hindu undivided family does not amount to property inherited by members

6 years ago

Property taken on Partition of a Hindu undivided family does not amount to property inherited by members P.N. Krishna Iyer…

IT Judgement

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost

6 years ago

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost Ciba Of…

Income Tax

True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts

Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.

Amount received under keyman Insurance policy by the employee is tax free or taxable?

ITAT Delhi has dismissed Congress leader Rahul Gandhi’s plea to make Young Indian a charitable trust

Delay of 1754 days in filing appeal condoned

Any person can not be treated as principal officer without forming his connection with management & administration of Co.

Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT

Exemption against Long Term Capital Gain u/s 54 & 54F : An Anomaly

Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted

Commission paid to the selling Agents is deductible.

Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company

Keyman Insurance Policy Income Tax Treatment

“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah

Property taken on Partition of a Hindu undivided family does not amount to property inherited by members

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost

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